Why am I charged so much for fees?

I just watched the video that tells about all of the fees that are charged for different methods of payment. Nowhere did I see mention of charging 9.40%, which is what I was charged on a $5 sale. Will someone please explain this to me? Thank you.

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Square Champion

Can you provide us the breakdown of what you were charged?

Dina
Co-Owner Amityville Apothecary
www.shopamityvilleapothecary.com
Instagram | TikTok @AmityvilleApothecary

Podcast: Apothecary After Dark (YouTube & Spotify)
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Hi Beachy7,

 

As @DinaLRosenberg indicated we need more details.

 

Just taking a guess here:

 

Here's a few sceniaros for the various types of Transaction:


$5.00 Swipe, Tap or Dip Transaction
$0.23 Square Fee which is 4.6 %  (2.6% plus $0.10)
$4.77 You Get

 

$5.00 Online Store Transaction
$0.45 Square Fee which is 9.0 %  (2.9% plus $0.30)
$4.55 You Get

 

$5.00 Manual Key In Transaction
$0.33 Square Fee which is 6.60 %  (3.5% plus $0.15)
$4.67 You Get

 

 

Then there's Invoice Fees and Afterpay Fees.   And more details about fees here

 

There's also a few Square Fee Calculators online that can give some ideas - note, those sites are NOT official Square sites but, can be handy for reference.

 

 

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